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3 September 2021 | 1 reply
It's a 5-unit that we bought 6 months ago for $299,000, put $50,000 into it (new floors, countertops, painted cabinets, new hardware, painted exterior, bought coin-op laundry machines), increased the rents dramatically, added pets fees, and now we plan to pull all of our money back out so we can rinse and repeat.
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8 September 2021 | 5 replies
Interest only mortgages look attractive, they can boost your cash flow way up for your rental.
10 September 2021 | 5 replies
That means, you'll have to boost your equity from 3.5% at purchase to at least 25% in a year.
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13 September 2021 | 4 replies
Yes, the rate shouldn’t be changed dramatically.
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23 September 2021 | 17 replies
There are properties in that price range I see them every day and under so hopefully that s boost in confidence.
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20 September 2021 | 11 replies
One big reason I’m trying to boost my score is to qualify for the best rate on Fannie and Freddie loans while I can.
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15 September 2021 | 4 replies
This actually typically means they are lower than mortgage rates in the immediate term, plus are interest only, so your monthly payment will be dramatically lower on the outstanding balance.
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21 September 2021 | 21 replies
On the investment side, I got the same impression, though, that house prices have already outrun rents and I do not see rents increasing by a sufficient amount to make up the difference barring a pretty dramatic fall in the house prices.
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20 September 2021 | 49 replies
You won't get 2x the boost but it may be 20 or 30%)Also note that each city is different about market share.
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18 September 2021 | 3 replies
I know it isn't realistic to most people to expect fully distanced but it would be nice to find something that's a bit more on the online side.How can I satisfy this 40 hour commitment without this new job dramatically interfering with my existing commitments?